New York city looking forward to see the Brookfield’s seven-million square foot Manhattan West development is ideally positioned at the gateway of Manhattan’s newest vibrant neighborhood, the Hudson Yards District. Our project will bring together commerce, lifestyle, recreation and transportation on the new West side.
Manhattan West plans call for five buildings, including a 62-story, 844-unit residential tower that’s already under construction and a 67-story office skyscraper that will be anchored by the law firm Skadden, Arps, Slate, Meagher & Flom LLP and is scheduled for completion in 2019. Qatar Investment Authority will acquire a 44 percent stake in the development, the companies said in a statement Wednesday.
“Brookfield has enjoyed a long-standing, successful relationship with QIA and we are thrilled that they share our vision for this transformative project,” said Bruce Flatt, chief executive officer of parent Brookfield Asset Management Inc., said in the statement.
Brookfield said in April it would start building its 1 Manhattan West office tower after signing a lease with Skadden, Arps for about a quarter of the skyscraper. The agreement jump-started office construction at the Manhattan West project, part of an effort to draw the Midtown business district west toward toward the Hudson River.